Cara Marshall, Ph.D.
Cara Marshall is currently the Director of the Risk Management program. She is a lecturer of finance and risk management at Queens College. Dr. Marshall has nearly two decades of experience designing and delivering academic and industry training to finance professionals and students at both the undergraduate and graduate levels.
Dr. Marshall holds a Ph.D. in Financial Economics from Fordham University, an MBA focused on Quantitative Analysis from St. John’s University, and a B.S. in Marketing and Computer Information Science from Oswego State University.
Dr. Marshall is a published author and her research interests focus on financial engineering, Monte Carlo Simulation modeling, and derivatives, as well as behavioral and experimental methods in finance. Dr. Marshall’s doctoral dissertation examined the efficiency of the pricing of volatility on U.S. options exchanges. Wiley-Blackwell recently published her book titled: Financial Engineering: The Evolution of a Profession. The book is comprised of chapters written by various academics as well as practitioners. It is intended to help bridge the gap between theory and practical application.
Dr. Marshall also works as a consultant, training employees at investment banks, hedge funds, commercial banks, and government agencies across the U.S., as well as in Toronto, London, Singapore, and other locations around the world.
Schools Attended:
Ph.D. Financial Economics, September 2008. Fordham University.
Masters of Business Administration in Quantitative Analysis/CIS, December 2002
St. Johns University.
Bachelor of Science in Marketing, Computer Information Science Minor, May 1999 State University of New York College at Oswego.
Publications:
Books Written:
- Editor (with Tanya Beder) of Financial Engineering: The Evolution of a Profession. Published by Wiley-Blackwell, 2011.
Book Chapters:
- “Commodity Market”, a contribution to Financial Engineering: The Evolution of a Profession. Published by Wiley-Blackwell, 2011. Editors: Cara M. Marshall and Tanya Beder.
- “Financial Engineering and Macroeconomic Innovation”, a contribution to Financial Engineering: The Evolution of a Profession. Published by Wiley-Blackwell, 2011. Editors: Cara M. Marshall and Tanya Beder.
- “Monte Carlo Simulation in the Pricing of Derivatives”, a contribution to Financial Derivatives: Pricing and Risk Management. Published by Wiley-Blackwell, 2009. Editors: Robert W. Kolb and James A. Overdahl.
- “The Use of Derivatives in Financial Engineering: Hedge Fund Applications”, a contribution (with John F. Marshall) to Financial Derivatives: Pricing and Risk Management. Published by Wiley-Blackwell, 2009. Editors: Robert W. Kolb and James A. Overdahl.
Journal Articles:
- Marshall, C.M. (2014). Isolating the systematic and unsystematic components of a single stock’s (or portfolio’s) standard deviation, Applied Economics, Fall 2014.
- Marshall, C.M. (2013). Volatility-Based Pairs Trading: Empirical Evidence from U.S. Options Markets, Journal of Financial and Economic Practice, Fall 2013.
- Marshall, C.M. (2009). Dispersion trading: Empirical evidence from U.S. options markets, Global Finance Journal, 20(3), 289-301.
- “Replication of Vinod & Morey’s (2002) JOI Article and Porting to Excel” Indian Journal of Economics & Business Volume 4 no: 2 (December 2005). The original work was titled, “Estimation Risk in Morningstar Fund Ratings,” H.D. Vinod and Mathew R. Morey, Journal of Investing Vol. 11 (4), 2002, 67-75.
Dr. Marshall’s office is in Powdermaker 331
Telephone: (718) 997-5387
Email Address: Cara.Marshall@qc.cuny.edu